With young adults graduating from college with an average of 37K of debt, buying a first home has taken a backseat while many struggle to pay off student loans. Coincidentally, states left with a surplus of foreclosed homes in the wake of the housing collapse are short on buyers. Many states are coming up with creative solutions to encourage first time mortgage seekers to make a deal. The state of Maryland is offering to wipe out student debt in exchange for purchasing a home owned and … [Read more...]
Archives for February 2017
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Peoria Business Bankruptcy Protection
Sometimes a business owner will experience financial difficulties and may want to consider bankruptcy protection. A bankruptcy filing can stop litigation or collection efforts on the part of the creditors and allow a the debtor to eliminate burdensome contracts - often times with fewer financial consequences. A bankruptcy will often reduce what is owed to creditors allowing a debtor to recover financially. The typical bankruptcy case involves a chapter 7 liquidation, a chapter 13 … [Read more...]
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